The Academy In Manayunk Inc
- Assets
- $72.4m
- Revenue
- $26.5m
- Investments
- $0.0
- Employees
- 190
- Location
- Conshohocken, PA
- Founding
- 08/2006
- Data as of
- 06/2022
- EIN
- 01-0849648
Organization Overview
The Academy In Manayunk Inc, operating under the name Aim Academy, is located in Conshohocken, PA. The organization was established in 2006. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Aim Academy employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aim Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Aim Academy generated $26.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $19.3m during the year ending 06/2022. While expenses have increased by 6.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL INSTITUTION FOR CHILDREN IN GRADES 1-12 WITH LANGUAGE BASED LEARNING DISABILITIES.
Describe the Organization's Program Activity:
TUITION, FEES AND RELATED SERVICES:EDUCATION PROGRAMS AT THE AIM ACADEMY ARE INDIVIDUALIZED, EVIDENCE-BASED, AND INNOVATIVE AND ARE DESIGNED TO SPARK STUDENT CURIOSITY AND ENTHUSIASM. THE HUMANITIES, STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART & DESIGN, AND MATHEMATICS) AND ARTS CURRICULUM DEVELOP DEEP UNDERSTANDING AND CRITICAL THINKING SKILLS NEEDED FOR COLLEGE AND CAREER SUCCESS. UNLIKE MANY SCHOOLS SPECIALIZING IN STUDENTS WITH LANGUAGE-BASED LEARNING DISABILITIES AIM ACADEMY'S STAFF INCLUDES IN-HOUSE SCHOOL PSYCHOLOGISTS, OCCUPATIONAL THERAPISTS AND SPEECH AND LANGUAGE PATHOLOGISTS TO SUPPORT STUDENTS, TEACHERS AND FAMILIES.
TUTORING:THE AIM ACADEMY'S TUTORING CENTER PROVIDES DIAGNOSTIC AND PRESCRIPTIVE INSTRUCTION THAT IS TAILORED TO MEET EACH STUDENT'S NEEDS. THE TUTORING SERVICES CATER TO CHILDREN IN GRADES 1-12 AND RANGE FROM TEACHING READING READINESS SKILLS TO PROVIDING REMEDIATION AND SUPPORT IN VARIOUS ACADEMIC AREAS. TUTORS ALSO PROVIDE ASSISTANCE WITH EXECUTIVE FUNCTIONING, STUDY SKILLS, AND ORGANIZATION OF TIME AND SCHOOLWORK SO STUDENTS CAN BE SUCCESSFUL IN ALL ACADEMIC AREAS.
TEACHER TRAINING WORKSHOPS:THE AIM INSTITUTE FOR LEARNING & RESEARCH WAS CREATED AS A CENTER FOR EDUCATIONAL EXCELLENCE AND PROFESSIONAL DEVELOPMENT DISSEMINATING TO EDUCATORS THE LATEST RESEARCH, TECHNOLOGY, AND BEST PRACTICES IN THE FIELDS OF LITERACY AND LANGUAGE-BASED LEARNING DISABILITIES INCLUDING DYSLEXIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia M Roberts Executive Director And CEO | OfficerTrustee | 40 | $296,517 |
Nancy Blair Associate Director | OfficerTrustee | 40 | $296,494 |
Darryl Ford Board Member | Trustee | 0.5 | $0 |
Alan Gedrich Passed 103021 Board Member | Trustee | 1 | $0 |
George Connell Board Member | Trustee | 0.5 | $0 |
Matthew Naylor Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Haskins Laboratories Consulting | 6/29/20 | $158,400 |
Digital Wave Technologies Consulting | 6/29/20 | $110,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $370,336 |
| Related organizations | $0 |
| Government grants | $438,919 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,531,590 |
| Noncash contributions included in lines 1a–1f | $97,362 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,340,845 |
| Total Program Service Revenue | $20,246,836 |
| Investment income | $430,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $168,933 |
| Net Gain/Loss on Asset Sales | $369,888 |
| Net Income from Fundraising Events | -$23,138 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,542,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,506,318 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,744,273 |
| Compensation of current officers, directors, key employees. | $431,056 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,363,300 |
| Pension plan accruals and contributions | $256,763 |
| Other employee benefits | $770,393 |
| Payroll taxes | $789,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,405 |
| Fees for services: Accounting | $32,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $160,021 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $636,392 |
| Advertising and promotion | $85,004 |
| Office expenses | $0 |
| Information technology | $312,088 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $90,498 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $405,496 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,679,307 |
| Insurance | $127,747 |
| All other expenses | $400,270 |
| Total functional expenses | $19,267,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,397,858 |
| Savings and temporary cash investments | $33,102,884 |
| Pledges and grants receivable | $1,670,432 |
| Accounts receivable, net | $620,422 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $189,854 |
| Net Land, buildings, and equipment | $22,349,213 |
| Investments—publicly traded securities | $12,054,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,385,415 |
| Accounts payable and accrued expenses | $1,687,858 |
| Grants payable | $0 |
| Deferred revenue | $10,573,539 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,789,425 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $250,663 |
| Total liabilities | $24,301,485 |
| Net assets without donor restrictions | $42,436,618 |
| Net assets with donor restrictions | $5,647,312 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $72,385,415 |